Manappuram finance Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate, submitted on April 07, 2026, demonstrates the company's adherence to regulatory requirements for securities dematerialization processes.

Regulatory Filing Details

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended March 31, 2026. The filing was addressed to three major stock exchanges where the company's securities are listed.

Registrar Confirmation Process

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent. The registrar provided comprehensive confirmation regarding the dematerialization process for the quarter.

The registrar confirmed that all securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories. The confirmation process included acceptance or rejection of securities within prescribed regulatory timelines.

Compliance Verification

The certificate includes several key compliance confirmations:

• Securities received for dematerialization were confirmed or rejected to depositories
• All dematerialized securities remain listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes were completed within prescribed timelines

Documentation and Authorization

The filing was authorized by Aparna Menon, Company Secretary of Manappuram Finance Limited, with digital signature authentication dated April 07, 2026. The registrar's confirmation was provided by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, dated April 3, 2026.

Copies of the certificate were also sent to National Securities Depository Limited and Central Depository Services India Ltd, ensuring comprehensive regulatory notification across all relevant depositories and exchanges.

Manappuram Finance has announced the commencement of an open offer by BC Asia Investments XXV Limited and its persons acting in concert for the acquisition of up to 24,42,27,387 fully paid-up equity shares, representing 26.00% of the expanded voting share capital. The offer follows the completion of a ₹4,385.00 crore preferential issue and has received all necessary regulatory approvals.

Open Offer Structure and Pricing

The comprehensive offer provides shareholders with detailed consideration structure:

The applicable interest of ₹12.29 per share represents compensation at 10% per annum for payment delays, calculated from October 30, 2025, to May 08, 2026, as directed by SEBI under Regulation 18(11) of the SAST Regulations.

IDC Recommendation and Market Context

The Committee of Independent Directors, chaired by Mr. Abhijit Sen, unanimously approved the offer on March 27, 2026, and published their recommendation on March 30, 2026. The IDC concluded that the offer price along with applicable interest appears fair and reasonable under SEBI (SAST) Regulations.

The IDC highlighted that current market prices on both exchanges exceed the total offer consideration, providing important context for shareholder decision-making.

Regulatory Approvals and Compliance

The open offer has secured all required statutory approvals:

The offer operates under the tender offer method as prescribed by SEBI, with Kotak Mahindra Capital Company Limited serving as the Manager to the Offer and MUFG Intime India Private Limited as the Registrar.

Offer Timeline and Process

The tendering period commences on April 06, 2026, and closes on April 20, 2026. The Letter of Offer dispatch to public shareholders was completed by March 30, 2026, with the Identified Date set as March 17, 2026.

This mandatory open offer follows the completion of the preferential issue on March 27, 2026, where BC Asia Investments entities acquired 9.29 crore subscription shares and warrants each. The transaction represents a significant corporate development in India's financial services sector, with Bain Capital-backed entities seeking to acquire substantial stake in the leading gold loan company.